Condo Project Processor - FHA - VA - Conventional

FHA Review

Condo Project Processor - FHA - VA - Conventional

Huntington Beach, CA
Full Time
Paid
  • Responsibilities

    Benefits:

    401(k)

    Health insurance

    Bonus based on performance

    We are a small but specialized condominium approval firm based in Huntington Beach, California, focused on helping condominium associations obtain and maintain FHA, VA, and conventional financing eligibility. For over 16 years, we have worked with condominium associations, management companies, lenders, and real estate professionals nationwide.

    Located in Downtown Huntington Beach our office culture of experienced, collaborative, professional, casual, and hardworking. As our business continues to grow, we are looking for an experienced analyst who can support both condominium approval submissions and project eligibility reviews. We are a small firm, and small office.

    About the Role

    As a Condo Project Analyst, you will be responsible for reviewing condominium project documentation, preparing FHA and VA approval submissions, and evaluating projects for conventional financing eligibility under Fannie Mae guidelines.

    This is a hybrid position requiring in-office attendance at our Huntington Beach office on Mondays, Tuesdays, and Wednesdays (minimum 4 office hours per onsite day), with flexibility to work remotely the remainder of the week.

    The pay will likely start at $20/hr however the commission potential is significant. Each file completed will earn commission.

    The ideal candidate has experience reviewing condominium documents, interpreting agency guidelines, communicating with clients, and managing projects from document collection through final approval.

    What You'll Do

    FHA & VA Condo Approval Responsibilities

    Review condominium project documentation for compliance with FHA and VA condominium approval requirements

    Analyze governing documents, budgets, financial statements, reserve studies, insurance policies, questionnaires, legal documents, and project disclosures

    Identify deficiencies and conditions that may impact approval eligibility

    Prepare and assemble FHA and VA approval and recertification submission packages

    Communicate directly with HOA management companies, board members, insurance agents, attorneys, reserve analysts, and lenders to obtain required documentation

    Track project progress and maintain accurate records throughout the approval process

    Review submissions for completeness and accuracy prior to agency submission

    Conventional Condo Review Responsibilities

    Review and analyze condominium projects under current Fannie Mae project eligibility requirements

    Evaluate projects for Full Review and Limited Review eligibility

    Assess project-level risks including:

    Litigation

    Deferred maintenance

    Special assessments

    Commercial space concentration

    Investor ownership concentration

    Critical repairs and structural concerns

    Review Fannie Mae project eligibility requirements, including all current critical repair and safety guidance

    Prepare written review summaries and evaluations

    General Responsibilities

    Maintain detailed project notes and documentation within internal tracking systems

    Clearly communicate findings, conditions, and recommendations to clients and team members

    Manage multiple projects simultaneously while meeting turnaround expectations

    Assist with internal process improvements and documentation standards

    Support expansion of FHA, VA, and FNMA review services

    Requirements

    Ideally a Minimum 3 years of condominium project review, FHA condo approval, mortgage underwriting, HOA document review, or related experience (within the past 5 years preferred).

    Strong understanding of condominium project documentation, including:

    HOA financial statements

    Budgets

    Reserve studies

    Insurance policies

    CC&Rs

    Bylaws

    Recorded legal documents

    Condominium questionnaires

    Experience reviewing projects for FHA, VA, and/or conventional financing eligibility

    Strong analytical and problem-solving skills

    Excellent written and verbal communication skills

    Ability to manage multiple deadlines and priorities in a fast-paced environment

    Highly organized with strong attention to detail

    Ability to work independently with minimal supervision

    Ability to commute to Huntington Beach, CA for required in-office days

    Preferred Qualifications

    Direct experience preparing FHA condominium approval or recertification submissions

    Experience with Fannie Mae conventional condominium project reviews

    Knowledge of VA condominium approval requirements

    Experience using Fannie Mae Project Eligibility Review Service (PERS)

    Knowledge of SB 326 inspection requirements and their impact on mortgage financing eligibility

    Background working for a condominium approval company, lender, underwriting firm, HOA management company, or related industry

    Familiarity with Freddie Mac, Non-QM, or Jumbo condominium review requirements

    Compensation & Benefits

    Competitive compensation / commission

    Hybrid work schedule

    Parking pass for Main Street Parking Structure.

    IRA and partial Health Insurance benefits available

    Flexible work from home options available.